The project is nearing completion and is expected to be connected to the grid in the coming months.
Additionally, Phoenix Insurance has converted a €4.2 million loan into a 49% stake in the project's special purpose vehicle. The remaining loan will be converted into an unsecured shareholder loan.
Econergy is also developing a pipeline of 200 MW of solar projects in Romania, for which Phoenix Insurance has options to convert loans into equity.
Poland's energy major Polenergia has signed a multi-year power purchase agreement (PPA) to supply electricity to domestic courier company InPost from its 121 MW Debsk wind farm.
Polish renewable energy company Grenevia has secured a significant loan from the Polish Development Fund to fuel its solar energy expansion.
Polska Grupa Energetyczna (PGE) has initiated commercial operations of its 1,366 MW gas-fired power plant in Western Pomerania.
AkzoNobel's has been installed at its Pilawa site in Poland, further powering the company's efforts to transition all its production locations to renewable electricity.
Sonnedix, a global independent solar power producer, has officially opened a 21MW solar cluster in the Podlasie region of north-east Poland.
Photon Energy, a Dutch-based solar and clean water solutions provider, has announced the successful connection of a new 3.2 MWp photovoltaic (PV) plant to the Romanian grid.
Lidl Romania aims to contribute to the development of sustainable local agriculture by promoting organic farming and regenerative farming practices, which contribute to soil health and biodiversity conservation.
IMMOFINANZ signed a new five-year, €180 million green loan with Helaba, pbb Deutsche Pfandbriefbank and Berlin Hyp, secured by myhive Warsaw Spire,
OMV Petrom and TAROM announced the signing of a contract for the supply of sustainable aviation fuel (SAF), a first for Romanian aviation.
Transformations in schools, the Botanical Garden, and the Circular Economy Center offer Bucharest residents direct opportunities for practical learning and active involvement in the community.
Romania's solar power sector is experiencing explosive growth, driven primarily by prosumers.
